Skip to main content

Demand for Increased M2M Application Security

The substantial financial upside opportunities associated with nascent M2M services has attracted the attention of mobile network operators globally risks being thwarted by the growing security concerns in M2M applications.

Porous security is exposing vulnerabilities in a large number of use-case scenarios, including SCADA systems, telemedicine, and telemetry.

Most M2M applications are lacking the basic security requirements that have been a defacto standard for information and communication technologies elsewhere.

If not addressed sooner, this weak link could throttle the successful adoption of M2M in healthcare, industrial installations, and consumer homes, according to the findings from the latest market study by ABI Research.

"The markets ability to respond to these security challenges at the application level is still underdeveloped," says Michela Menting, senior analyst in cyber security at ABI Research.

When faced with security requirements, the focus has been to tighten the screws at the network level, often to the detriment of the application, leaving it un-patched and exposed.

However, the horizontal evolution of M2M will require full end-to-end security. Significant efforts need to be invested into M2M application security in order for the M2M market to fully evolve.

Whether this is through open source initiatives or standards development, the demand for increased M2M application security will have to be answered, and sooner rather than later.

A number of M2M vendors have already started putting more emphasis on M2M application security in a bid to anticipate future market opportunities.

While the market is still relatively niche, ABI Research forecasts strong growth over the next five years, with global revenues reaching $198 million by 2018.

ABI's latest report on the topic studied the challenges and the addressable market for M2M Application Security, complementing the analyses tackled in their related report about M2M Network Security.

Popular posts from this blog

How Edge Computing and AI Applications Drive IoT

The global pandemic has accelerated the adoption of emerging technologies, including edge computing and TinyML. As more CIOs and CTOs seek ways to capture and process data at the edge of their enterprise IT network, the demand has fueled investment for Internet of Things (IoT) applications. According to the latest worldwide market study by ABI Research, the global edge Artificial Intelligence (AI), Software-as-a-Service (SaaS), and turnkey service market will grow at a CAGR of 46 percent between 2020 and 2025 to reach $7.2 billion. This is 25 percent of the global edge AI market, which is estimated to be $28 billion by 2025. The market is comprised of edge AI chipsets, SaaS, and turnkey services, as well as professional services. As the benefits of edge AI becomes more obvious, enterprises are searching for edge AI solutions that offer low latency and are fully secured to assist them with data-based analysis or decision-making. Edge Artificial Intelligence Market Development "The

How the COVID-19 Pandemic Advanced Telehealth Adoption

The global COVID-19 pandemic has accelerated digital transformation across many industries. As an example, consider the healthcare sector. Some routine medical situations can be diagnosed and resolved online. While the trend was already in motion long before the pandemic arrived, the adoption of telehealth increased rapidly in 2020. Around the world, many governments responded to the disruption and inaccessibility of healthcare facilities by loosening previous regulations and restrictions on the practice of telemedicine apps, and teleconsultations. This decision resulted in the mass adoption of these medical services among patients and providers. According to the latest market study by Juniper Research, telemedicine will save the healthcare industry $21 billion in costs by 2025 -- that's rising from an estimated $11 billion in 2021. This increased app usage represents an anticipated growth rate of over 80 percent in the next four years. Telehealth Services Market Development The co

Hyper-automation Propels Superior Business Process Redesign

When the world was disrupted by a global pandemic during 2020, many CEOs and their board of directors were consumed by reacting to immediate problems. Meanwhile, a few forwarding-thinking enterprise leaders also paused to invest in accelerating their prescient digital transformation agenda. What enables executives to envision an opportunity while others see only challenges? Strategic foresight, and a willingness to embrace the apparent changes that are transforming the legacy status quo. During this period of uncertainty, hyper-automation investment has gained new momentum. Hyperautomation is the application of advanced technologies that augment humans by helping to streamline processes in new ways that are significantly more impactful than the legacy approach. Hyperautomation Market Development The global market for technology that enables hyperautomation will reach $596.6 billion in 2022, according to the latest worldwide market study by Gartner. This is up from $481.6 billion in 202